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Persimmon Improves Completion Guidance Despite ‘Challenging’ Housing Market

Persimmon said improved private sales and stronger first-half trading keep it on track for about 12,500 completions in 2026.

  • On Thursday, Housebuilder Persimmon reported a strong first half, with home completions rising 13% to 5,189 and group revenues increasing 15% to £1.73bn for the six months to June 30.
  • Group Chief Executive Dean Finch cited 'affordability constraints and build cost pressures' as ongoing sector challenges while emphasizing the company's focus on operational efficiencies and disciplined land investment.
  • Underlying operating profit rose 10% to £189.1 million and pre-tax profits climbed 15% to £168m, while Persimmon reported a 30% increase in utilizing its proprietary Space4 timber frame construction system.
  • Persimmon remains '80 per cent secured' on private completions for the full year and expects to complete around 12,500 homes in 2026, positioning the firm at the 'upper end' of its previous guidance.
  • Net private sales grew 6% through June, though Persimmon notes open market sales have 'softened slightly in recent weeks' while remaining 'well-placed to drive further growth through our unique set of capabilities.
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kalkinemedia.com broke the news on Thursday, August 6, 2026.
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